My lease is ending and I will go to the end, then what?

Asked by Kate Dec 23, 2020 at 04:01 PM

Question type: Car Selling & Trading In

Is it better to buy my car after my lease runs with financing or turn it in and buy
a used car?

F_O_R answered 3 years ago

Compare the residual value of the car to what it is worth on the open market. If the value is in your favor and you like the car you might want to buy it. What type of car is it? Another consideration is that you know how the car was maintained and driven but you don't know this on a used car. I almost always go towards the known quality rather than a questionable car.

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TDolby answered 3 years ago

I suspect your residual will be less than what a comparable car is worth, as used car prices have increase this year due to supply and demand.

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